Overview
What is Openintro Inc?
OpenIntro Inc, based in Dover, Delaware, is a nonprofit organization dedicated to enhancing accessibility and affordability in education. By creating and supporting free or low-cost textbooks, OpenIntro aims to make higher education more accessible. Their mission extends beyond just textbooks, as they also promote and support open-source educational materials. Their efforts have led to the sale of over 7,500 low-cost textbooks and tens of thousands of free downloads, benefiting numerous educators and students. They provide services to teachers interested in open-source textbooks, further supporting their mission of lowering barriers to education. OpenIntro's primary focus is on college education materials, demonstrating their commitment to improving the academic experience for college students. With a modest team of two individuals, OpenIntro Inc continues to make a significant impact in the realm of education.
Official website here: www.openintro.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97% (Four-Star out of Four Stars)
Openintro Inc has received a four-star rating from Charity Navigator, reflecting its strong commitment to accountability and finance. The overall score is based entirely on a single beacon score, which signifies the organization’s dedication to maintaining high standards in fiscal management. The charity boasts a perfect score in various categories, indicating robust governance practices and transparency.
One of the key strengths of Openintro Inc is its board governance, with 100% independent board members ensuring objective oversight. Their policies related to conflict of interest, whistleblower protections, and document retention are well-documented and accessible, further showcasing their commitment to ethical operations. Additionally, the organization exemplifies financial responsibility, maintaining a low liabilities-to-assets ratio and allocating all its expenses directly to its programs.
While the data paints a positive picture of Openintro Inc, it is important for potential donors and supporters to consider the overall impact of the charity's programs in addition to its financial health. Though the current metrics are impressive, ongoing evaluation of program effectiveness and community outcomes will be essential for maintaining trust and support in the long term.
This AI summary has been generated from information found on Charity Navigator.
Is Openintro Inc legitimate?
Openintro Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Openintro Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,852
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Official website here: www.openintro.org
What is the mission statement of Openintro Inc?
OpenIntro Inc's mission is centered around creating, fostering, and promoting educational resources. Their primary focus is on materials tailored for college education, with an emphasis on making these resources accessible and affordable. They have successfully sold thousands of low-cost textbooks at significantly reduced prices compared to typical textbooks, offering them at around $20 in paperback. Additionally, OpenIntro provides free downloads of these open-source textbooks, ensuring that a vast number of individuals can access these educational materials. Furthermore, the organization offers services to educators interested in utilizing other open-source textbooks, contributing to the overall goal of lowering barriers to education.
Official website here: www.openintro.org
Who is the CEO of Openintro Inc?
David Diez is the Board Member, President of Openintro Inc.
Official website here: www.openintro.org
What is the revenue of Openintro Inc?
Openintro Inc's revenue in 2022 was $64,745.
Official website here: www.openintro.org
Who are the executives of Openintro Inc and what are their salaries?
The average compensation at Openintro Inc during 2022 was $926. There are 2 employees and 18 volunteers at Openintro Inc.
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.openintro.org
Where can I find the form 990 for Openintro Inc?
Openintro Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.openintro.org
Learn more at the official website: www.openintro.org
Mission Statement of Openintro Inc
OpenIntro, Inc. is committed to fulfilling a mission that revolves around the creation, support, and promotion of educational materials. Their primary focus lies in the realm of college education, striving to make learning accessible and affordable for all. By offering educational products that are either free, transparent, or have lower barriers to entry, OpenIntro, Inc. aims to break down the financial barriers often associated with textbooks. This mission has resulted in the sale of over 7,500 low-cost textbooks, priced at 80% or more below the standard pricing. Furthermore, OpenIntro, Inc. has extended its reach through the provision of tens of thousands of free downloads of these open-source textbooks, making learning materials readily available to a wide audience. The organization also caters to educators interested in utilizing other open-source textbooks, offering supporting services to facilitate their implementation.
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Impact
August, 2024
OpenIntro Inc has had a significant impact on higher education by making educational products more accessible and affordable. Through their innovative approach, OpenIntro has facilitated the sale of over 7,500 low-cost textbooks, priced at 80% or more below typical market rates. In addition, they have distributed tens of thousands of free downloads of these textbooks, ensuring that cost is not a barrier to accessing quality education resources. OpenIntro's commitment to open-source materials has not only benefited students but also supported teachers in their quest for affordable and high-quality educational materials. Their work has had a far-reaching impact, both nationally and internationally, by lowering barriers to education and promoting transparency in the dissemination of knowledge.
This information is meant to be a general summary of Openintro Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $651
- Program Service Revenue: $5,948
- Gross Receipts: $64,745
Assets and Liabilities:
- Total Assets: $256,311
- Total Liabilities: $2,291
- Net Assets: $254,020
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Amazon Associates referral traffic revenue
Revenue
$1,898
Wholesale Orders
Revenue
$4,050
Organization Details
Founding Year
2016
Phone
(612) 357-9947Principal Officer
David Diez
Main Address
8 The Green STE R, Dover, DE, 19901
Website
www.openintro.orgNTEE Category
Code: Q33 - International
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